GOOGL trade ideas
Google's Gamble: Will Users Pay for Premium AI-Powered Search?Google ( NASDAQ:GOOG ) is reportedly exploring the possibility of charging users for access to new "premium" search features driven by generative AI technology. This potential pivot marks a significant departure for Google ( NASDAQ:GOOG ), as it considers putting a portion of its core Search product behind a paywall for the first time. As Alphabet Inc ( NASDAQ:GOOG ) shares initially surged on the news before retracing, the market is abuzz with speculation about the implications of this strategic shift and its potential impact on Google's bottom line and the broader digital ecosystem.
The Premium Search Paradigm:
According to a report by the Financial Times, Google ( NASDAQ:GOOG ) is mulling over the introduction of premium search features powered by generative AI, with options including integrating these capabilities into its existing premium subscription services. This move would represent a paradigm shift in Google's approach to monetizing its core Search product, potentially unlocking new revenue streams while offering users enhanced functionality and insights.
Navigating Uncertainty:
While engineers are reportedly in the process of developing the technology necessary for a paid service feature, executives have yet to make a final decision on its implementation. This uncertainty underscores the complexity of the decision and the potential risks and rewards associated with monetizing Google's search capabilities. As Google ( NASDAQ:GOOG ) weighs its options, industry observers are closely monitoring developments and speculating on the potential ramifications for the company's business model and competitive positioning.
Competition in the AI Search Arena:
Google's exploration of premium AI-powered search features comes amidst intensifying competition in the AI search space. Microsoft's launch of Copilot, an AI-powered search tool leveraging OpenAI's ChatGPT technology, signals the growing convergence of AI and search technology. With Google's traditional search engine generating substantial revenue from ads, the introduction of premium features could represent a strategic countermove to maintain its competitive edge and capture additional market share in the evolving digital landscape.
Financial Implications:
Google's Search business and related ads accounted for a significant portion of Alphabet's total revenue in 2023, highlighting the critical role of Search in driving the company's financial performance. The potential introduction of premium search features could have profound implications for Google's revenue diversification efforts and its ability to monetize user engagement. While initial market reaction to the news was positive, with Alphabet shares surging before retracing, the long-term implications remain uncertain as investors assess the potential risks and rewards of Google's strategic pivot.
Looking Ahead:
As Google ( NASDAQ:GOOG ) navigates the complexities of monetizing its search capabilities, the company faces a pivotal juncture that could shape the future of online search. Whether users are willing to pay for premium AI-powered features and how competitors respond to Google's strategic move will be key factors shaping the outcome. As Alphabet shares fluctuate in response to evolving market dynamics and regulatory scrutiny, the broader implications of Google's potential pivot in search monetization will continue to unfold, offering insights into the evolving dynamics of the digital economy.
GOOGLE $GOOG - Feb. 26th, 2024GOOGLE NASDAQ:GOOG - Feb. 26th, 2024
BUY/LONG ZONE (GREEN): $144.50 - $154.80
DO NOT TRADE/DNT ZONE (WHITE): $139.60 - $144.50
SELL/SHORT ZONE (RED): $131.15 - $139.60
Weekly: Bullish
Daily: DNT
4H: Bearish
The zone around $140 has been supported to the bullish side three times since Jan. 17th, 2024. Currently price is back at the zone after creating bearish structure on the 4h timeframe with strong downside momentum. Price has respected the level at $146.10 to the bearish side and broke below the $144.50 on the daily timeframe which is the start of the DNT zone and the potential start of entry into the bearish zone.
Bulls can look for rejections up from the $140 area or breaks above the $144 level/structure (daily timeframe). Bears can look for continuation below the $140 area or a pullback and rejection of the $144 level (daily timeframe).
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
GOOGL to Low $100s?Overview
Google ( NASDAQ:GOOGL ) is in the dangerous territory of a double top formation. I've discovered this same macro-pattern with a few other assets as well. In combination with a rise in long-term Treasury Yield Curve rates since December 2023, I think a rush of selling pressure could be around the corner.
Technical Analysis
Utilizing Fibonacci retracement levels along with historical supports & resistances, the $126-136 range appears to be a key level in the share price. The double top formation is a bearish reversal pattern that resembles the letter "M" and, when valid, the second peak is greeted with significant selling pressure. According to technical indicators GOOGL is beginning to reveal the symptoms of a bearish reversal.
The share price has risen on dwindling volume, Money Flow Index (MFI) is approaching overbought territory, and the On-Balance Volume (OBV) is still under a ceiling created in March 2022. A rising wedge is also visible on the hourly charts with a micro Head & Shoulders in development. Should a high volume breakdown occur then I believe a price target range between $109-126 is probable, however, I am expecting adequate support around $126 as it correlates with both a 61.8% Fibonacci level and has history as a key area of support & resistance.
Speculations
Earnings season is a great time to profit from derivative trading, however, it can also be more treacherous due to the volatility most stocks experience in the days leading up to and immediately following their Quarterly Releases. Because GOOGL is having their Earnings Call in the next few days, I would not be surprised to see sharp price movements in either direction regardless of the current trends. Concrete stop-losses and price targets should be determined before entering any positions.
HOW-TO: Trade-o-Scope Highlight IntervalsThis is a short HOW-TO on using the Trade-o-Scope "Highlight Intervals" indicator
GOOGLE $GOOG Cup and Handle FormationKeep and eye on this one, specially in the AI play, they do have one if not the biggest data of all time, a Cup and handle formation is forming here.
As a stock forming this pattern tests old highs, then some price consolidation before advancing higher ( check NASDAQ:MSFT on the weekly time frame very very similar)
NASDAQ:GOOG this week found support at the 200 SMA ( or 40W MA )
**This is not a financial advice, it's intent for information purposes only. Do you own search.
GOOGL forming Morning Star Candle pending confirmationGoogle weekly chart still uptrend, bullish but Bearish volume (-ve FiFT)
Weekly closing forming Morning Star reversal candle. Pending confirmation if next week close above 143.
MCDX Banker is very strong with 72% but below average - weak
Plan - Looking for opportunity to Buy on Dip above 143.
(Google form small Support / Resistant levels at every 15$ range 105, 120, 127, 140, 155...)
GOOGL April 1, 2024: Breaking Into New HighWell, the title pretty much tells everything I want to say.
I enter a position here at the new high!
NASDAQ:GOOGL
A stock breaking into a new high might go up a lot further.
I have no idea this breaking out will fail or not. Just try to follow the trend.
GOOG - 65m H&SPattern confirming that price found a resistance.
For me, stronger signal here would be RSh breakout.
$GOOG tight tight longNASDAQ:GOOG getting tight here, just under ATH, I am long here to see if it breaks that level
Is Google @ $152 The Best Stock Pick?Yesterday I hoped on my PC,
to find a stock to trade,
plug in the requirements on the scanner
paused and waited and then viola
I saw Google appear
so what happened?
Google NASDAQ:GOOG is in a momentum trade meaning it is trending upward,
The Momentum is the leading tool I used to find this stock
if you want to learn more about momentum trades then
you need to learn about the rocket booster
strategy check out the resources below.
Rocket boost this content to learn more.
DIsclaimer: You will lose money from trading please practise risk management this is not financial advice.
GOOGL at the top maybeIt may be at its peak and begin a downtrend. I hope it breaks thru and continues upward so i can jump on for the ride.
Quick Lesson on How to Play Gaps in Price Action This video breaks down the gap fill strategy that i like to use and shows the example of how NASDAQ:GOOGL reacted to the price and where we can look to take advantage of these price moves. Remember that nothing is for certain! Trade Safe!
GOOGL - Weekly chart tells us a lot. Tapering being provenWe may be transferring control from our strong buying magenta to our tapered green continuation - and that means one thing - More liquidity needs to be built.
If we do see this rejection off green (proving it's in control) we will look for a controlled selling back to try and get picked up by our magenta stronger buying.
See you all live at 9:30 AM!
Happy Trading :)
What Next?It's clear to me we have completed 5 waves up - what comes next will be dependent on time - as it says if we can't make a new high before the 10th of April expect this to fall a lot - ( I have this date marked with a vertical line on chart).
Alphabet aka Google - Looks Beautiful!#Google @sundarPichai #mustbuy
Google looks great on chart. This can be long at current market price (CMP), with a SL below 135 with an initial target of 215 and more!
#mustbuy
Looking for GOOGL to break ATH's!🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
GOOGL March 24, 24: A Weekly Cup & Handle Pattern?On March 24, 24, NASDAQ:GOOGL is moving in a weekly cup & handle pattern.
Can it break out or not?
It is interesting for me to watch this stock moving out or coming back down. I am not so confident trading this stock, however.
Google Expands Crypto Visibility with Etherscan IntegrationIn a significant move that underscores its growing interest in the cryptocurrency domain, Google ( NASDAQ:GOOG ) has announced its integration with Etherscan for Ethereum Name Service ( NYSE:ENS ). This collaboration is poised to revolutionize the crypto landscape, offering enhanced visibility and accessibility for Ethereum users worldwide.
The integration, unveiled recently, allows Google ( NASDAQ:GOOG ) users to delve deeper into Ethereum transactions by incorporating ENS domains directly into their search results. What began as a feature enabling users to search for specific public addresses and view wallet balances has now evolved into a comprehensive service encompassing ENS domains. This expansion marks a pivotal moment for crypto enthusiasts, streamlining the process of navigating the Ethereum blockchain.
Former ENS core team member Brantly Millegan highlighted the significance of this integration, emphasizing its potential to elevate the crypto experience for users. However, while the integration promises greater convenience, some users have reported sporadic availability issues. Notably, the feature appears to function more reliably in private browsing mode or when logged out of Google services, prompting discussions around optimization and accessibility.
The enhanced service details offered through Google's integration with Etherscan are poised to transform how individuals engage with Ethereum transactions. Users can now seamlessly search ENS domains and view wallet balances associated with blockchain addresses, all within the familiar interface of Google search results. This not only simplifies the process of conducting transactions but also amplifies crypto visibility, making it more accessible to mainstream users.
Yet, amidst these advancements, questions around data privacy and security loom large. As Google ( NASDAQ:GOOG ) deepens its integration with blockchain platforms like Etherscan, stakeholders must remain vigilant about safeguarding user data and ensuring robust security measures. Balancing innovation with accountability will be paramount as these developments reshape the cryptocurrency ecosystem.
Beyond Google's collaboration with Etherscan, recent developments within the Ethereum community have captured attention. Reports of the Ethereum Foundation facing scrutiny from a State Authority inject an element of uncertainty into the market, underscoring the need for transparency and regulatory compliance. Meanwhile, updates emanating from the protocol's GitHub repository signal ongoing evolution within the Ethereum ecosystem, reflecting its dynamic nature.
Technical Outlook
Alphabet Inc. ( NASDAQ:GOOG ) reacted to the integration news by surging 1.95% in Friday's Market trading with a positive Relative Strength Index (RSI) of 65 indicating a strong buying bias.
NASDAQ:GOOG is also trading above the 200-day Moving Average (MA).
Despite a recent dip in trading volume, Ethereum's live price remains resilient, indicating resilience amidst market volatility.
GOOG Forming a “Cup and Handle” & a “Bull Pennant”Google is currently forming a “Cup and Handle” pattern on the weekly chart and a “Bull Pennant” pattern on the daily chart. I think it’s safe to say Google maybe be picking up some bullish momentum soon…..let’s see how this one plays out!
Careful with potential double topIf the stock fails to make a higher high, the stock could start to see lower levels. Bearish divergence was also spotted on the RSI; not shown on the chart but MACD as well.
GOOGL Long IdeaRecently we played NASDAQ:GOOGL short but it seems that has run its course and we can now look to take it long. It has broken the recent downtrend and RSI seems to have bottomed. Looking for continued strength over $140
GOOGL Chart ideaChart idea/Trading plan Summary:
Uptrend
Bull flag
Consilidation
Squeeze on 78min
150 psych close
Targets:
150 Psych
151.70 High of move
153.68 ATH
155.09 Trend based Fib extension
Resistance/Stop:
146.11 Stop on close below 78min
143.68 next resistance
